A Switzerland-based private asset management firm is planning another major solar project in southwest Indiana. Capital Dynamics says its Clean Energy Infrastructure business, in partnership with Nebraska-based Tenaska, is developing a 300-megawatt solar farm in Posey County that will create a small number of jobs.
The company says the Posey Solar Project will be located on up to 3,000 acres of land with construction set to begin in 2022. The solar farm will be designed and build in accordance with Posey County’s solar ordinance, which has specific guidelines for various items such as setbacks, road use and decommissioning.
“We are excited about locating this project in Posey County,” said Tiago Sabino Dias, chief executive officer of Capital Dynamics affiliate Arevon Energy Management. “We have signed leases with more than 65 landowners who will be able to diversify their income through solar, and we have had positive conversations with local leaders about the many economic benefits this solar field will bring.”
Capital Dynamics cites a study from the Gnarly Tree Sustainability Institute, which says the project will create direct construction jobs equal to 250 full-time jobs for 16-18 months, as well as five full-time operations and maintenance jobs at the site.
Additionally, the company has hired local resident Stacy Wagner to serve as community representative for the project.
“We are excited that Stacy has joined the Posey Solar team. Her knowledge of the community will be invaluable as we advance a project that benefits Posey County and is respectful of neighbors,” said Sabino Dias. “One of Stacy’s first tasks will be to assist in setting up our local office with regular hours, which we feel sends a strong message about our commitment to being a good business neighbor.”
Last month, Sabino Dias spoke with Inside INdiana Business about three other solar projects in Knox, Gibson and Pike counties, totaling $430 million, for our quarterly INPower newsletter. You can read the full article by clicking here.
The Posey Solar Project is expected to begin operation in 2023.